Wednesday, May 14, 2014

In February 2007, the Government of India started the process of disinvestment of its remaining 10.27 pre cent stake in Maruti Udyog Ltd.

by inviting bids from public sector financial institutions and mutual funds. In May 2007 the Government marked its exit from Maruti Udyog, the country's largest car manufacturer, with the sale of its 10.27 per cent stake for Rs 2,360 crore to a clutch of financial institutions led by the Life Insurance Corporation.

With this, the Governments twenty-three-year association with its Japanese partner Suzuki Motor Corporation came to an end.